The line graph presents the price evolution of various precious metals over the period from 2013 to 2021, measured in dollars per ounce.
Overall, palladium increased in itsvalue towards the end of the given period. At the same time, gold experienced an upward trend, too, but not as dramatic as palladium. In contrast, platinum displayed a notable decline, which left it below both gold and platinum towards the end of this 8-year period.
From 2013 to 2016, the price of palladium fluctuated around $700. However, starting with 2016, it displayed a steady annual rise, soaring to its peak of about $2500 in 2021. Meanwhile, gold’s value decreased gradually from just below $1500 to just above $1000 from 2013 to 2015. Then, the price trajectory changed, leading to a regular ascension that culminated in a peak of just over $1750 in 2020, and hovered around that level for the remainder of the given period.
In contrast, platinum experienced a durable decline starting at around $1,500 in 2013 and dropping to its lowest point of $800 in 2018. Nevertheless, from 2020 to 2021 platinum’s price rebounded to approximately $1100.